Page 17 - Equalisation Levy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Is US trade body's probe undermining India's right to tax digital transactions? In a recent interaction, revenue secretary Ajay Bhushan Pandey had told BusinessToday.In that India is not taxing any transaction outside India, but if any transaction has happened within India, they can be taxed by Indian parliament Dipak Mondal | January 8, 2021 | Updated 08:21 IST The investigation by the USTR found that the India's digital services tax targets digital services, but not similar services provided non-digitally US Trade Representative (USTR) has found India's 2% equalisation levy on revenue gene...

January 7, 2021 In a 41-page report released on January 6, the United States Trade Representative Robert Lighthizer criticised India’s decision to impose an Equalisation Levy of 2% on digital services. “India’s [Equalisation Levy] is discriminatory on its face. The law explicitly exempts Indian companies, while targeting non-Indian firms. The result is that U.S. “non-resident” providers of digital services are taxed, while Indian providers of the same digital services to the same customers are not. This is discrimination in its clearest form,” the USTR’s report said. No enforcem...